China Gold International Resources (TSE:CGG) has released an update.
China Gold International Resources Corp. Ltd. has provided an update on its ongoing legal proceedings, where the Tibet High Court has ordered a retrial, keeping the outcome uncertain and the related deposits frozen for another year. Additionally, the company has revised its 2024 Financial Services Agreement with China Gold Finance, allowing interest income from the frozen deposits and segregating these funds from other deposits. Shareholders have been assured that the company will continue to closely monitor the situation and report any significant developments.
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